GoodBulk announces delivery of Supramax vessel to its new owners

GoodBulk Ltd. today announces that on 15 November 2018 it delivered the M/V Aquapride, a 2012 built Supramax vessel of 61,465 dwt built by Imabari, JPN, to its new owners pursuant to the sale agreement dated 9 July 2018.

The M/V Aquapride was acquired by GoodBulk for a total consideration of $17.0 million and was sold for $20 million, contributing net profit from operations of approximately $2.6 million between being delivered into the Company’s fleet on 1 June 2017 and delivering to the vessel’s new owners on 15 November 2018, resulting in a levered IRR of 51.3%.

About GoodBulk Ltd.GoodBulk, incorporated in Bermuda and headquartered in Monaco, is an owner and operator of dry bulk vessels formed in October 2016 for the purpose of owning high quality second hand dry bulk vessels between 50,000–210,000 DWT. Upon completion of the announced acquisitions and dispositions, GoodBulk will control a fleet of twenty-seven dry bulk vessels, including twenty-five Capesize vessels, one Panamax vessel, and one Supramax vessel. Designed to provide an efficient company for investors to access the dry bulk market, all vessels are externally managed by C Transport Maritime S.A.M. a leading third-party manager of dry bulk vessels. GoodBulk is listed on the Norwegian OTC market under the symbol “BULK.”

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